Closing Bell 31st March: ASX weaker as inflation data comes in higher in USA
The Australian sharemarket is tracking toward its third-largest daily decline of 2025, amid fears that a new wave of US tariffs could spark a global economic downturn. The S&P/ASX 200 fell 1.6% (125 points) to 7857, wiping out approximately $35 billion in market value. The All Ordinaries dropped 1.5%, with all 11 sectors in the red—led by heavy losses in the mining sector.